Differentiate between labour and land.

Question

LabourLand(i) It is an active factor of production.(i) It is a passive factor of production.(ii) Labour cannot be separa...

Accepted Answer

LabourLand(i) It is an active factor of production.(i) It is a passive factor of production.(ii) Labour cannot be separa...

Labour	Land
(i) It is an active factor of production.	(i) It is a passive factor of production.
(ii) Labour cannot be separated from its owner.	(ii) Land can be separated from its owner.
(iii) Labour is mobile.	(iii) Land is immobile.
(iv) Labour can be increased/decreased.	(iv) Land is fixed in quantity.
(v) It gets wages as reward for the services rendered by it.	(v) It gets rent as reward for the services rendered by it.